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Securities Administrative Orders Issued 2013

Signed copies of  Petitions for Order and Orders associated with the following persons or entities are available in the PDF format.


See the Archives below.


Donald Kernan LLC f/k/a DreamerTopia LLC, DreamerTopia Capital Management LLC, DreamerTopia Investments LP, DreamerTopia Corp, and Donald Alan Kernan Jr.- File No. S-228123(EX) – Cease and Desist Orders were issued as all respondents directly or indirectly offered and sold unregistered securities in Wisconsin in violation of Wis. Stat. § 551.201. Donald Alan Kernan Jr., Donald Kernan LLC, DreamerTopia Corp. and DreamerTopia Capital Management, LLC violated Wis. Stat. § 551.401 by transacting business as an unregistered broker-dealer and unregistered investment advisers in Wisconsin. Donald Alan Kernan Jr., Donald Kernan LLC, DreamerTopia Corp. and DreamerTopia Capital Management LLC violated Wis. Stat. § 551.501(2) by making misrepresentations and omissions.

Orders were issued on December 27, 2013


 

KBR Capital Markets LLC- File No. S-229513(LX) - Order of Revocation of broker dealer registration issued pursuant to Wis. Stat. § 551.412 and Wis. Admin. Code § DFI-Sec. 4.09.

Orders were issued on December 19, 2013


 

Trinity Distributors LLC - File No. S-229512 (LX) – Order of Revocation of broker dealer registration issued pursuant to Wis. Stat. § 551.412 and Wis. Admin. Code § DFI-Sec. 4.09.

Orders were issued on December 13, 2013


 

Obsidian Financial Group LLC - File No. S-229519 (LX) – Order of Revocation of broker dealer registration issued pursuant to Wis. Stat. § 551.412 and Wis. Admin. Code § DFI-Sec. 4.09.

Orders were issued on December 13, 2013


 

Aletheia Securities Inc - File No. S-229511 (LX) – Order of Revocation of broker dealer registration issued pursuant to Wis. Stat. § 551.412 and Wis. Admin. Code § DFI-Sec. 4.09.

Orders were issued on December 13, 2013


 

RBC CAPITAL MARKETS, LLC - Case No. S-228969(LX) - One of a series of Administrative Consent Orders negotiated by NASAA based on the failure of RBC Capital Markets LLC to register certain individuals who functioned as sales assistants. Order imposes a monetary penalty and was issued on December 6, 2013.


 

Bradley G Nagel - File No. S-222299(EX) - File No. 229244 - Order of Censure (Consent) was issued for violation of Wis. Stat.§ 551.412 for violating his fiduciary duties to clients as a registered investment representative.

Orders were issued on October 31, 2013


 

Sold 4 U Auctions, LLC - Case No. S-222139(FX). A Consent Order of Prohibition was issued for violation of Wis. Stat. § 553.21 and 553.27, selling franchises in Wisconsin without registering the franchise with the Division and failing to provide franchisees with offering circulars.

Orders were issued on October 11, 2013


 

UBS FINANCIAL SERVICES INC. - Case No. S-229037(LX) - One of a series of Administrative Consent Orders negotiated by NASAA based on the failure of UBS Financial Services Inc. to register certain individuals who functioned as sales assistants. Order imposes a monetary penalty, and was issued on October 22, 2013.


 

Southwest Biofuels, LLC, Rick J Jimenez, David M Simpson, John Grey and Adam H Baker - File No. S-222506(EX)- Cease and Desist Orders were issued against all respondents for violations of Wis. Stats § 551.301, offering unregistered securities in Wisconsin. Baker, Simpson and Grey violated Wis. Stats. § 551.402 by transacting securities business in Wisconsin without being registered. Southwest / Jimenez violated Wis. Stats. § 551.402 for employing unlicensed agents to represent it in Wisconsin. All respondents violated Wis. Stats. § 551.501 for misrepresentations and omissions of material facts in the sale of securities in Wisconsin. Consent orders were issued against Southwest Biofuels LLC, Jimenez and Simpson, while summary orders were issued against Grey and Baker.

Orders were issued on October 2, 2013


 

Balfour Management Group, Inc., Joseph Leonard Allen, FMN Holdings LLC and Green Streak Group Inc.- File No. S-222299(EX) - Summary Cease and Desist Orders were issued for violations of Wis. Stats. § 551.301 for the offer of unregistered securities; § 551.402(1) for transacting business in Wisconsin as an unregistered securities agent; Wis. Stat. § 551.402(4) for employing an unregistered securities agent; § 551.401(1) for transacting business as an unregistered securities broker-dealer in Wisconsin; and § 551.501(2) for misrepresentations and omissions of material facts in the sale of securities in Wisconsin.

Orders were issued on September 18, 2013


 

Gates Oil & Gas Ltd, North American Energy Exchange Inc, Michael K Gray, Christian G Colin and John R Ketchmark- File No. S-227714(EX) – Cease & Desist Orders (Consent) issued for violation of Wis. Stat. §551.301 for offering unregistered securities to at least one person in Wisconsin. NAEE violated Wis. Stat. §551.401(1) by transacting business as a “broker-dealer” without registering with the division, and Wis. Stat. §551.402(4) by employing an unregistered person to represent them in Wisconsin. Ketchmark violated Wis. Stat §551.402(1) by transacting business in Wisconsin as an unregistered agent.

Orders were issued on September 9, 2013


 

Global Corporate Alliance, Inc, Duncan John MacDonald III, Gloria Ann Solomon, John W Kosolcharoen, Millennia International LLC and David R Damante- File No. S-225433 Summary Cease and Desist Orders were issued for violations of Wis. Stats. § 551.301 for the offer of unregistered securities; § 551.402(1) for transacting business in Wisconsin as an unregistered securities agent; Wis. Stat. § 551.402(4) for employing an unregistered securities agent; § 551.401(1) by Millennia International LLC for transacting business as an unregistered securities broker-dealer in Wisconsin; and § 551.501(2) for misrepresentations and omissions of material facts in the sale of securities in Wisconsin.

Orders were issued on September 4, 2013


 

Vertex International Group, LLC, Capital Public Relations, LLC and Sebastian DeLoye - File No. S-227825 Summary Cease and Desist Orders were issued for violations of Wis. Stats. § 551.301 for the offer of unregistered securities; § 551.402(1) for transacting business in Wisconsin as an unregistered securities agent; Wis. Stat. § 551.402(4) for employing an unregistered securities agent; and § 551.401(1) by Vertex International Group, LLC and Capital Public Relations, LLC for transacting business as an unregistered securities broker-dealer in Wisconsin.

Orders were issued on September 4, 2013


 

Jeffrey C Rodd and Redwood Valley Interests, LLC - Case No. S-227988(EX)- Summary Cease and Desist Orders were issued for violations of Wis. Stats. § 551.301 for the offer of unregistered securities; § 551.402(1) for transacting business in Wisconsin as an unregistered securities agent; Wis. Stat. § 551.402(4) for employing an unregistered securities agent; § 551.401(1) by Redwood Valley Interests LLC for transacting business as an unregistered securities broker-dealer in Wisconsin; and § 551.501(2) for misrepresentations and omissions of material facts in the sale of securities in Wisconsin.

Orders were issued on May 8, 2013


 

William D Brandenburg - Case No. S-228168(LX) - Cease & Desist Orders (Consent) issued for violation of Wis. Stat. §551.402(1) for the offer and sale of securities in Wisconsin by an unregistered agent.

Orders were issued on May 6, 2013


 

Blackwood & Rose, Inc., Steve Andrew Zetchus and Justin Luther Kreller a/k/a Justin Kay - Case No. S-227662(EX)- Summary Cease and Desist Orders were issued for violations of Wis. Stat. § 551.301 for the offer of unregistered securities; violation of Wis. Stat. § 551.402(1) for transacting business in Wisconsin as a securities agent without registration; violations of Wis. Stat. § 551.402(4) for employing an unregistered securities agent; violation of § 551.401(1) by Blackwood for transacting business as an unregistered securities broker-dealer in Wisconsin; and for violations of Wis. Stat. § 551.501(2) for omission of material facts in the sale of securities in Wisconsin.

Orders were issued on April 24, 2013


 

Erik R Themmen and Steve H Bailen - Case No. S-218569(EX)- Cease & Desist Orders (Consent) issued for the violation of Wis. Stat. §§ 551.301 by offering unregistered securities to a person in Wisconsin, for the violation of Wis. Stat. §551.402(2) by employing an unregistered agent to offer and sell securities in Wisconsin, and for violation of Wis. Stat. §551.402(1) for the offer and sale of securities in Wisconsin by an unregistered agent.

Orders were issued on April 12, 2013


 

Consolidated Wealth Holdings Inc., Alternative Investment Services Inc., Deanna Jo Osborne, Scott Allen Osborne, John Edward Spalding, Laura H Spalding, Michael K Wallens Jr, & Eric M Kurz - Case No. S-209641(EX)- Summary Orders of Prohibition and Revocation were issued for violations of Wis. Stat. §551.21 in the offer and sale of unregistered securities to persons in Wisconsin, for misrepresentation and omissions in the sale of securities in violation of Wis. Stat. §551.41(2) and for transacting business in Wisconsin as a broker-dealer without a license in violation of Wis. Stat. § 551.31.

Orders were issued on April 9, 2013; updated July 30, 2014


 

Arizona Gold Processing LLC, AZGO LLC, DLB Metals International LLC, Donald L Braxton, Robert T Helper, Darin H Mangum, David H Mangum, Charles L Robertson, Barry Cohen, Joe Lawrence & George Logan - Case No. S-226023(EX) – Summary Cease and Desist Order was issued for violation of Wis. Stat. § 551.301 for the offer of unregistered securities; violation of Wis. Stat. § 551.402(1) for transacting business in Wisconsin as a securities agent without registration; violation of Wis. Stat. § 551.402(4) for employing an unregistered securities agent; and violation of Wis. Stat. § 551.501(2) for omission of material facts in the sale of securities in Wisconsin.

Orders were issued on April 5, 2013


 

Friends United Network Inc, a.k.a. FUN Group LLC & Richard I Byrne- Case No. S-226350(EX) - Summary Order of Prohibition and Revocation for the offer and sale of unregistered securities under Wis. Stat. §551.21.

Orders were issued on April 4, 2013


 

Michael H. Campbell - Case No. S-227435 – Order of Suspension of Agent & Investment Adviser Representative Registration (Consent) was issued for violation of Wis. Stat. § 551.406(5) and 551.605 for the selling of an investment without the appropriate License/Registration approval.

Orders were issued on April 2, 2013


 

Leslie G Fregien - Case No. S-209834(LX) – Order of Censure (Consent) was issued for violation of Wis. Stat.§ 551.412 for violating his fiduciary duties to clients as a registered investment representative.

Orders were issued on March 21, 2013



Leonard Benson D/B/A Leonard Benson Company - Case No. S-226903(EX) – Summary Cease & Desist Order issued for the violations of Wis. Stat. §§ 551.301 and 551.501(2) for misrepresentation and omissions in the sale of unregistered securities in the offer and sale of securities to a Wisconsin investor.

Orders were issued on March 19, 2013


 

Arthur W Eith - Case No. S-210124(EX) – Summary Order of Prohibition and Revocation for the offer and sale of unregistered securities under Wis. Stat. §551.21, and for misrepresentation and omissions in the sale of securities in violation of Wis. Stat. §551.41(2).

Orders were issued on March 8, 2013


 

Genesis Fulfillment Management LLC, Russell C Freeman and Nicholas E Rezny - Case No. S-210278(EX) - Cease & Desist Orders (Consent) issued for the violations of Wis. Stat. §§ 551.301 and 551.508 for misrepresentation and omissions in the sale of unregistered securities in the offer and sale of securities to Wisconsin investors.

Orders were issued on March 7, 2013


 

ProMed Alliance International Inc., Willis Bradford Hale and Jordan Hernandez - Case No. S-223459 (EX) - Summary Cease & Desist Orders issued for violations of Wis. Stat. §551.402(2) by employing an unregistered agent to offer and sell securities in Wisconsin, and for violation of Wis. Stat. §551.402(1) for the offer and sale of securities in Wisconsin by an unregistered agent.

Orders were issued on January 23, 2013


 

Maxim Energy Corporation, Jerry E. Elliott & James D. French - Case No. S-225229(EX) - Summary Cease & Desist Order was issued for violation of Wis. Stat. §551.501(2) for misrepresentation and omission of material facts in the sale of securities in Wisconsin. Maxim Energy Corporation, Jerry E Elliott & James D French also offered and sold unregistered securities to a person in Wisconsin in violation of Wis. Stat. §551.201.

Orders were issued on January 18, 2013


 

Sumariaglobal LLC, Premchand H. Shah, Kevin McCarthy and Matthew Thompson - Case No. S-225076(EX) – Summary Cease and Desist Order was issued for violation of Wis. Stat. § 551.301 for the offer of unregistered securities; violation of Wis. Stat. § 551.402(1) for transacting business in Wisconsin as a securities agent without registration; violation of Wis. Stat. § 551.402(4) for employing an unregistered securities agent; and violation of Wis. Stat. § 551.501(2) for omission of material facts in the sale of securities in Wisconsin.

Orders were issued on January 15, 2013


 

Techmar Industries Inc., Todd Ramsey & Joe Mitte - Case No. S-225823(EX) - Summary Cease & Desist Order was issued for violation of Wis. Stat. §551.501(2) for misrepresentation and omission of material facts in the sale of securities in Wisconsin. Techmar Industries Inc, Todd Ramsey & Joe Mitte also offered and sold unregistered securities to a person in Wisconsin in violation of Wis. Stat. §551.201.

Orders were issued on January 15, 2013


 

ROBERT A MANGAN - Case No. S-223664 (EX) - Cease & Desist Orders (Consent) were issued for violations of Wis. Stats. §§ 551.301(2007-08) and 551.21(2005-06), by the offer and sales of unregistered securities, and for violations of Wis. Stats. §§ 551.501(2) and 551.41(2) for misrepresentation and omission of material facts in connection with the offer and sale of securities in Wisconsin.

Orders were issued on January 14, 2013


 

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